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Gas Prices Fall as Oil Prices Dip

By Tony Collins Oct 29, 2024 | 6:33 AM

(Undated) — The national average price of gasoline has continued its decline as oil prices have slipped lower. GasBuddy Head of Petroleum Analysis, Patrick De Haan, says in addition to gasoline prices falling to their lowest level since January, the average price of diesel has now fallen to its lowest level in over three years. De Haan says while many Americans may incorrectly credit the upcoming election for the declines, politicians have little influence over the strong seasonal forces that drive prices lower in autumn. He says with winter gasoline soon to reach the rest of California, and demand continuing to decline as Americans grapple with colder weather, the drop in demand is pushing gas prices down. The current national average is $3.11 a gallon.

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